What are the Benefits of cloud-hosted Accounting?

With our cloud-hosted accounting services such as Quicken, Sage 50, QuickBooks Hosting, you can access your books from anywhere and anytime with cross-device functionality. This allows for mobile accounting which is a new rage in the accounting profession.
In this article, we list the biggest benefits of mobile accounting.

1: Multi-User Collaboration

Back in the past, you could only collaborate with different users that were on the same local network. This meant that you had to be confined to your office. That has changed with mobile accounting. Now users from across the world can collaborate on the same file. This helps eliminate many of the restrictions associated with traditional accounting, which would require you to use the same network, OS, and software. With this new form of accounting you can work with ease even if you are using several different devices or mobile OS.

2: Work from Virtually Anywhere

​Cloud-hosted services allows you to work from anywhere in the world, even from the comfort of your home. It does wonders for your productivity as you are no longer subject to a 9-to-5 routine and are spared from having to commute to the office. You will be in full control of the process and can track the activities of various users with ease.

3: Easy file sharing.

​Until a few years ago, the only way you could share files was by email. So this meant that one had to exchange emails multiple times with every update from various users. This led to multiple copies of the same file which ate into the storage space and made the whole thing more difficult to manage. Now, with mobile accounting the same file is stored on the cloud which can be used for editing exchange of information in a big way.

4: Your data is always safe.

​Regardless of natural calamities, or for that matter, human accidents, your data is never lost as it is not saved in a local device, so you don’t have to worry about losing any data permanently. Your data is stored on a remote server which is packed in secure data centers based in the United States. It is backed up daily, and saved in multiple servers - which allows for maximum data redundancy. You certainly don’t have to worry about data loss.

5: You will have access to instant updates. 

​Regular updates are essential for the security of your data and the performance of the application. To download or install updates is not as easy as you would think. The process gets automated with cloud-hosted services. All updates are installed automatically so that you always have the latest and most current version of the software.

6: You don’t have to worry about your performance getting affected by old or malfunctioning devices. ​

There is no reason to invest in expensive hardware and IT infrastructure and its maintenance. You don’t have to worry about what could happen if the device gets old or corrupted. Your data stays on the cloud and can be accessed with a secure log in and password combination.
Contact us to know more about our cloud-hosted accounting solutions.